We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Forex: Dow Dives but EURUSD Still in Pre-Breakout Holding Pattern

Global equities collapsed this past session leveraging the possible return of a key fundamental theme: risk aversion. Yet, if this dominant theme is in place, why did the US dollar hold range? EURUSD is flashing one of its strongest breakout signals in years, the yen crosses are on the verge of turning a volatility jump into a trend reversal and the S&P 500 is facing a possible tide change. A market-wide shift is within grasp, but it has yet to confirm. We discuss the underlying risk trends implications along with trade opportunities in the majors, pound crosses, yen pairs and the kiwi in today's video.

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.

FX Publications Inc (dba DailyFX) is registered with the Commodities Futures Trading Commission as a Guaranteed Introducing Broker and is a member of the National Futures Association (ID# 0517400). Registered Address: 32 Old Slip, Suite 803; New York, NY 10005. FX Publications Inc is a subsidiary of IG US Holdings, Inc (a company registered in Delaware under number 4456365)